China’s newly revised anti-espionage law will have a scary impact on foreign firms doing business there, according to former chief convergence officer for British Telecom and author Jon Pelson. On April 26, the Chinese communist regime passed the new version of its anti-espionage law, which will take effect on July 1. The revision has expanded…
China’s Revised Anti-Spy Law ‘Frightening Prospect’ for Foreign Firms There: Expert
May 8, 2023
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British Universities Accepted £30 Million From Blacklisted Chinese 5G Giant Huawei
May 8, 2023
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Blacklisted technology company Huawei has plunged at least £30 million into British universities via research grants and donations. The Epoch Times can reveal the telecom giant—deemed a national security threat by the United States government—is the biggest China-based donor to higher educational institutions in the UK. Over the past four years, Huawei and its advanced…
ANALYSIS: China’s Eastern Industrial Hub Suzhou May Face Housing Price Collapse Amid Over-Saturated Property Inventory
The number of used homes listed for sale recently skyrocketed in China’s industrial hub Suzhou, prompting a local financial expert to assert that the city’s housing prices would collapse by the year’s end. According to information on Lian Jia, a Beijing-based real estate trade platform, the number of second-hand homes for sale in Suzhou was…
ANALYSIS: Nasdaq Golden Dragon Index Plunges as China Concept Stocks Retreat to Hong Kong
May 4, 2023
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News Analysis The Nasdaq Golden Dragon China Index fell for eight straight sessions—the longest losing streak in over a year—amid heightened tension between the United States and China. Meanwhile, threatened by the U.S. Holding Foreign Companies Accountable Act, Chinese companies have shifted large chunks of equity to Hong Kong. The Nasdaq Golden Dragon China Index,…
Senators Will Look at Legislation Banning TikTok, Other Foreign-Controlled Apps: Schumer
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChuck SchumerCompaniesPolicies & ImpactsThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Senators will consider legislation aimed at increasing the Biden administration’s ability to crack down on Chinese-owned TikTok and other foreign-controlled applications, Senate Majority Leader Chuck Schumer (D-N.Y) told reporters on May 3. Schumer made the comments during a press conference after unveiling a new Democrat proposal—dubbed “China Competition Bill 2.0“—aimed at deterring China’s communist regime from escalating conflict with Taiwan…
Senators Will Look at Legislation to Ban TikTok, Other Foreign-Controlled Apps: Schumer
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChina NewsChuck SchumerCompaniesPolicies & ImpactsThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Senators will consider legislation aimed at increasing the Biden administration’s ability to crack down on Chinese-owned TikTok and other foreign-controlled applications, Senate Majority Leader Chuck Schumer (D-N.Y.) told reporters on May 3. Schumer made the comments during a news conference after introducing a Democrat proposal dubbed “China Competition Bill 2.0,” which is aimed at deterring China’s communist…
US Chamber of Commerce Warns of Heightened Risk for Firms Doing Business in China
The United States Chamber of Commerce has sounded the alarm about a dramatic increase in the hazards and uncertainties associated with conducting business in China due to the regime’s “increased official scrutiny” of U.S. corporations there. The influential business group said that it was “closely monitoring” the situation and noted that industries subject to “heightened…
Chinese Entrepreneur Flees China, Sees No Hope for Chinese Economic Recovery
May 3, 2023
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A Chinese businessman has told The Epoch Times that he lost $43-million-worth of business over the three years of lockdowns and Zero-COVID policies during the pandemic in China. Meng Jun also rejected claims made by the Chinese Communist Party that the country’s economy had recovered due to the Chinese regime’s focus on “reform and opening…
Tesla Raises Prices in US, China, Japan, and Canada
May 2, 2023
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Asia & PacificBusiness & MarketsCanadaChinaChina Business & EconomyCompaniesElon MuskhikeMarketspriceTechTech NewsteslaUSWorld
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Tesla Inc. has raised prices in a range of up to $290 in Canada, China, Japan, and the United States, its website showed on Monday, after the company slashed prices of its top-selling vehicles since the start of the year. The hike was the first on its two top-selling models at the same time in…
Former CCP Secretary Pleads Guilty to $28 Million Bribery Charges
Zhou Jiangyong, a former party secretary in China’s communist regime, pleaded guilty in an April 27 court hearing to crimes of collecting nearly 200 million yuan ($28.91 million) in bribes over some 20 years in his official roles. The verdict is set to be announced soon. Sacked in 2021 from his position as secretary of the Hangzhou Municipal Party Committee,…
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